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Default Notification
The following material provides information on the issue of member payment defaults in PJM’s Financial Transmission Rights Market.

Member Notification Document Date
Updated Default Estimate for Lehman Brothers Commodity Services, Inc. (PDF) 06.17.2009
01.21.2009 LBCS Default Estimate Update 02.04.2009
October 2008 Payment Default E-mail (PDF) 10.28.2008
E-mail to the Members Committee Declaring Bridge Energy Traders and Lehman Payment Default (PDF) 09.26.2008
Payment Default (PDF) 09.26.2008
Payment Default Update (PDF) 06.06.2008
E-mail Notification of Additional Expected Payment Default (PDF) 05.09.2008
Payment Default Projection Update (PDF) 05.08.2008
Payment Default Projection Update (PDF) 04.07.2008
Payment Default Projection Update (PDF) 03.07.2008
Payment Default Projection Update (PDF) 02.07.2008
January 2008 E-mail Declaring Del Light and PJS Capital in Payment Default (PDF) 01.28.2008
Presentation - Member Payment Default (PDF) 01.03.2007
E-mail to Members Committee (MC) Declaring Power Edge Payment Default (PDF) 12.20.2007
E-mail to MC with an Update on the Exel Payment Default (PDF) 12.14.2007
Presentation to the MC on Member Default (PDF) 11.15.2007
   
Pending Litigation Document Date
Federal District Court (DE)
Farnan Transfer Opinion (PDF) 06.12.2009
Answer and Affirmative Defenses of Defendants (PDF) 04.24.2009
Opinion Denying Defendant's Motion to Dismiss (PDF) 03.30.2009
Exhibits A-H (PDF) 07.14.2008
Exhibits I-O (PDF) 07.14.2008
Defendant's Supplemental Brief (PDF) 06.17.2008
PJM's Response to Defendant's Motion to Dismiss (PDF) 06.03.2008
Defendant's Motion to Dismiss (PDF) 05.07.2008
Complaint (PDF) 04.16.2008
   

United States District Court for the Eastern District of Pennsylvania
Protective Order (PDF) 01.07.2009
Amended Complaint with Cert of Service (PDF) 11.07.2008
Pennsylvania Scheduling Order (PDF) 11.03.2008
Pennsylvania Scheduling Order 08-3649 (PDF) 10.08.2008

State Court (Philadelphia County Common Pleas)
BJ Energy Motion to Remand (PDF) 08.19.2008
PJM Motion to Dismiss (PDF) 08.15.2008
PJM Motion for Removal to Federal Court (PDF) 08.04.2008
Complaint (PDF) 07.02.2008